Bubble Tea Market Exceeds USD 1.68 Billion in 2022, Predicts 7.23% CAGR Triumph Until 2030

Bubble Tea Market Exceeds USD 1.68 Billion in 2022, Predicts 7.23% CAGR Triumph Until 2030

Global Bubble Tea Market: In-Depth Analysis and Forecasts for 2024-2030

MarkNtel Advisors, a leading market research firm, has showed its latest study titled "Bubble Tea Market", offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.

The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.

Analysis and Insights into the Bubble Tea Market: 2024-2030

The global bubble tea market size reached USD 1.68 Billion in 2022 and is projected to grow at a CAGR of around 7.23% during the forecast period, i.e., 2024-30. The growth of the market is projected to be driven primarily by the buzz among individuals worldwide for bubble tea owing to its appeal & novelty. The world is observing a rapidly increasing number of people across different countries showing greater interest in innovative beverages infused with bold flavors and being highly experimental with flavors. Consequently, it is captivating consumer attention and amplifying the demand for bubble teas.

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What are the primary factors driving the growth of the Bubble Tea Market?

Increasing Consumer Inclination toward Healthy Drinks - The mounting prevalence of lifestyle disorders like obesity & diabetes owing to the busy lifestyles of consumers has compelled them to shift toward healthy beverages like ginger & boba teas, mainly due to their easy customization with various bases & toppings like jellies, fruit bits, syrups, & tapioca balls, i.e., prime aspect projected to drive the Bubble Tea Market during 2024-30. Green tea-based milk tea helps lower blood pressure as well as the risk of cancer.

In addition, the moderate consumption of bubble tea improves the balance of vitamins & minerals in the human body owing to the presence of numerous inclusions like fruit bits, cream, & yogurt, among others. Moreover, the growing working class populace in developing countries, increasing establishment of boba tea outlets, and rising health consciousness among consumers are also promoting the adoption of bubble tea globally and thus driving the market.

Bubble Tea Market Segmentation:

The Bubble Tea market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.

By Base Tea

  • Black Tea - Market Size & Forecast 2019-2030, USD Million
  • Green Tea- Market Size & Forecast 2019-2030, USD Million
  • Oolong Tea- Market Size & Forecast 2019-2030, USD Million
  • White Tea- Market Size & Forecast 2019-2030, USD Million

By Flavor

  • Fruit - Market Size & Forecast 2019-2030, USD Million
  • Original- Market Size & Forecast 2019-2030, USD Million
  • Coffee - Market Size & Forecast 2019-2030, USD Million
  • Chocolate - Market Size & Forecast 2019-2030, USD Million
  • Others - Market Size & Forecast 2019-2030, USD Million

Geographical Analysis into the Bubble Tea Market:

The Bubble Tea market is categorized based regional:

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

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Competitive Landscape and Bubble Tea Market Share Analysis:

The competitive landscape of the Bubble Tea Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.

  • Kung Fu Tea
  • Quickly
  • Lollicup USA, Inc.
  • Bubble Tea Supply, Inc.
  • Ten Ren's Tea Time
  • Gong Cha
  • ChaTime
  • Bobabox Ltd.
  • Fokus, Inc.
  • Coco Fresh Tea and Juice
  • Happy Lemon
  • Cuppotee
  • Tiger Sugar
  • Grand Chainly Enterprise
  • Share Tea

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Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.

Questions Addressed in this Study

  1. What factors are driving the Bubble Tea Market growth?
  2. How is the Bubble Tea Market expected to grow over the next five years?
  3. What are the key insights into the current trends in the Bubble Tea Market?
  4. What is the current size of the Bubble Tea Market, and how is it projected to change in the future?
  5. What is the future outlook for the Bubble Tea Market in terms of technological advancements and market expansion?

Why choose MarkNtel?

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.

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